On the register, but not FCA authorised
This firm is registered with the FCA for anti-money-laundering checks only, which is why it appears on the register. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.
- Registered for 5 years
- No FCA actions
- Active company since 2020
- Confirmation statement is overdue at Companies House
What does this mean?
- Some businesses are required by law to have an anti-money-laundering supervisor. For this kind of business that supervisor is the FCA, and the registration is the only reason the firm appears on the FCA register.
- What the FCA checks is narrow: that the firm identifies its customers, keeps records, and reports suspicious activity. It is the anti-crime paperwork behind a bank asking you for ID.
- It does not check anything about you as a customer. Not whether the firm treats you fairly, not whether it is financially sound, not whether what it sells is any good. The FCA describes firms registered this way as “not authorised or subject to wider FCA regulation”.
- So if the firm fails or treats you badly, there is no FSCS compensation, and the Financial Ombudsman Service usually cannot look at a complaint about unregulated business.
Website, phone number and address
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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No website on the FCA register
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No phone number on the FCA register
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Address
2-4 Waterloo Place, Edinburgh, Midlothian, EH1 3EG, United Kingdom
In the full report: 1 background check
- Who else gives the postcode EH1 3EG
Other names (2)
If you were contacted under any of these names, it is this firm.
- PREC0110 PLC Former name: A name it was registered under before.
- Scottish National Investment Bank Former name: A name it was registered under before.
Past FCA permissions and consumer protection
- Money-laundering registration onlyThis firm is registered for anti-money-laundering supervision only. It is not FCA-authorised. Money you hand over is not protected by the FSCS, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.
FCA disciplinary action and complaints
No FCA disciplinary action.
The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.
Companies House record
The company behind the firm: its status, age, registered office and directors.
Concerns on the company record
- Confirmation statement is overdue at Companies House.
- Company number
- SC677431 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Public limited company
- Incorporated
- 13 October 2020 (6 years old)
- Registered office
- Waverley Gate, 2-4 Waterloo Place, Edinburgh, EH1 3EG, United Kingdom
- Nature of business
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- Activities of other holding companies not elsewhere classified (SIC 64209)
- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Jacqueline Redmond | Director | Mar 1968 | 22 Nov 2020 | None |
| Tracey Anne Ashworth-Davies | Director | Dec 1962 | 22 Nov 2020 | 9 other companies |
| Carolyn Hay | Director | Jan 1978 | 22 Nov 2020 | 1 other company |
| Peter Richard Andrew Knott | Director | Mar 1964 | 22 Nov 2020 | 36 other companies |
| William Geddie Watt | Director | May 1959 | 22 Nov 2020 | 1 other company |
| Jason Scott Mcgibbon | Director | Jul 1972 | 22 Nov 2020 | 22 other companies |
| Jonathan Mcleod Grigor Taylor (Sir) | Director | Mar 1955 | 22 Nov 2020 | 5 other companies |
| Gary Edward Page | Director | Jun 1965 | 1 Feb 2024 | 5 other companies |
| David Alexander Ritchie | Director | Jan 1976 | 6 Jan 2026 | 6 other companies |
| Craig John Wood | Director | Mar 1970 | 27 Feb 2026 | 16 other companies |
| James Mccourt | Director | May 1967 | 1 Oct 2026 | 4 other companies |
| Alison Janet Talbot | Secretary | Not published | 18 Dec 2023 | – |
Other companies run by these 11 directors
A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.
- other companies
- 101
- closed down
- 25
- are FCA-registered
- 10
In the full report: all 101 companies, named
- What each company does, and whether it is still trading
- Which of these 11 directors sit on each board, and since when
- Any that went into liquidation or administration
- The 10 on the FCA register
- The 2 companies these 11 directors run together
- All 18 people who have ever been directors, with their dates
Key dates in its history
Scottish National Investment Bank’s history from the FCA register and Companies House, newest first.
2021
28 September 2021
- Changed its registered name from "PREC0110 PLC"
FCA register
2020
18 December 2020
- Changed its registered name from "Scottish National Investment Bank"
- Registered with the FCA
FCA register
13 October 2020
- Incorporated at Companies House
- The Scottish Ministers took control (75–100% of shares)
Companies House
In the full report: all 30 events
- All 30 events in its history (5 shown here)
- Every director appointment and resignation: 25
Firms connected to Scottish National Investment Bank
Other FCA-listed firms that share a director, phone number or address with Scottish National Investment Bank. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 4
- share a director
- 4
- share its postcode
- 2
In the full report: all 4 connected firms, named
- How each is linked: shared directors (4), the same postcode (2)
- Who links each one: the named directors, with dates
- 6 past links through former directors
Get the full report on Scottish National Investment Bank
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 101 other companies its directors have run, named
- 1 background check on its contact details
- All 30 events in its history
- 4 connected firms, named, and who links them
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Frequently asked questions about this firm
Is Scottish National Investment Bank PLC FCA authorised?
Is Scottish National Investment Bank a scam or clone?
Is my money safe with Scottish National Investment Bank?
Who owns Scottish National Investment Bank?
Who runs Scottish National Investment Bank?
How long has Scottish National Investment Bank been in business?
Does Scottish National Investment Bank use any other names?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Report a scam to the FCA fca.org.uk